Lake Geneva Wisconsin Home Builder | Frank Guido Construction

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What’s happening in 2012?

Good news!  According to the National Association of Realtors, pending home sales continued to gain in November and reached the highest level in 19 months.   A good indication that although slow, the marketplace continues to improve!

The Pending Home Sales Index is an indicator based on contract signings and reported an increase of 7.3 percent to 100.1 in November from 93.3 in October. This is 5.9 percent above November 2010 when it was reported to be at 94.5, which shows a 10.4 percent monthly gain.

•  What this means to the market place: is that housing affordability conditions are at record highs and there is a pent-up demand from buyers who’ve been on the sidelines.
• What this means to home buyers:  If you are thinking of buying, prices are stabilizing and mortgage rates are at a historical low!
•  What it means to Sellers: In many of our local areas, there still is a full inventory of properties which means if you are thinking of selling, your property will be in competition with newer, fresher and easier to show properties.    If you are thinking of selling, call in your trusted contractor for ideas to make your property more competitive with others in the marketplace, more attractive to qualified buyers, and a “recoverable” improvement that helps add to the real value of your property.

For more information about property data in our Wisconsin area visit: http://bit.ly/sUshMR

For more information about northern Illinois, visit: http://bit.ly/uVEacv

Got a question about improving your property or building your dream home?  Contact us at Frank Guido Construction – FGC@genevaonline.com  or call: 262-767-1942

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Tags: houisng data Illinois, housing data for Wisconsin, Lake Geneva, Market indicators

Posted In Blog, Blogroll, Construction, Featured, Uncategorized

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